US Xpress Enterprises (USX) Issues Earnings Results, Misses Expectations By $0.05 EPS

US Xpress Enterprises (NYSE:USX) announced its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.05), Briefing.com reports. The company had revenue of $460.23 million during the quarter, compared to analyst estimates of $462.27 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year.

Shares of USX traded down $3.18 during midday trading on Friday, hitting $6.96. 2,296,126 shares of the company traded hands. US Xpress Enterprises has a one year low of $9.21 and a one year high of $16.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.31.

A number of equities research analysts recently issued reports on USX shares. Bank of America started coverage on US Xpress Enterprises in a research note on Monday, July 9th. They issued a “buy” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. started coverage on US Xpress Enterprises in a research note on Monday, July 9th. They issued an “overweight” rating and a $20.00 price objective on the stock. Wells Fargo & Co started coverage on US Xpress Enterprises in a research note on Monday, July 9th. They issued an “outperform” rating and a $21.00 price objective on the stock. Stifel Nicolaus started coverage on US Xpress Enterprises in a research note on Monday, July 9th. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, Morgan Stanley started coverage on US Xpress Enterprises in a research note on Monday, July 9th. They issued an “overweight” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.50.

In related news, insider John William White purchased 23,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were purchased at an average cost of $13.68 per share, for a total transaction of $314,640.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About US Xpress Enterprises

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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